Sypaladin, Tony Abbott can regurgitate his self-serving delusional mantras until he's blue in the face but that won't change the data as it stood as of September, 2013:
. Australia was acknowledged by IMF as having very low levels of public debt and record low interest rates.
. Australia's macroeconomic KPIs including unemployment and economic growth close to world best.
. Based on those KPIs, all 3 major global ratings agencies declare Australia as AAA investment.
. Credit Suisse identified Australians as the wealthiest people pc on Earth.
. OECD's 'Better Life Index' placed Australia at the top of the OECD tree.
But since Abbott's election Joseph Stiglitz and the other experts I cited have rung Australia's economic alarm bell warning us that under Abbott Australia is headed back to the Coal Age from which other economies have not only emerged but are seeking to take full advantage of.
True to his dinosaur era beliefs, Abbott won't even have a bar of buying international carbon credits at bargain basement prices, preferring instead to ramp up coal pollution and actually PAY big polluters as part of his ill-conceived DAP:
